Sunday, October 15, 2006

Reliance may build port at Mumbai SEZ

Press Trust Of India / Mumbai October 09, 2006

The Mukesh Ambani-controlled Reliance Group proposes to build India’s
largest port “Rewas” as part of its Navi Mumbai SEZ, which would have
same draft as of Suez Canal and virtually double that of the deepest
JNPT port in the country.

The group plans to invest more than Rs 3,000 crore in developing the
port, which is located about 10 nautical miles or 16 km south east of
Mumbai harbour, and awaits environmental clearances to launch construction.

“We are in the process of planning and seeking environmental clearance
from the Central government for Rewas, which we hope to get by the end
of the year,” said sources.

A Reliance industry spokesperson, however, declined to comment on the
issue.

With a draft (depth of the sea) of 20 metres, the Rewas port has proved
to be a clincher for the Reliance Group, which is developing two mega
special economic zones (SEZs) across 35,000 acres in Navi Mumbai and
expect a steady flow of cargo.
http://www.business-standard.com/search/storypage_new.php?leftnm=0&leftindx=0&subLeft=1&autono=261052

0 Comments:

Post a Comment

<< Home